Technical analysis by Doolz-Lebanese about Symbol PAXG: Buy recommendation (2/25/2024)

Gold Price Analysis for the Week of 26/2 - 1/3/2024• Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news.• The XAU/USD is currently trading at $2,038, showing a 0.70% increase.• Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it.• Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.